Lion One Metals Limited · TSXV:LIO
Lion One Metals — Investor Presentation (September 2025)
23 slides from Lion One Metals's investor presentation, September 2025
Slide 1: Major Asset Within a Junior Company
§:\ LION ONE METALS MAJOR ASSET WITHIN A JUNIOR COMPANY | Tuvatu Alkaline Gold Project | Fiji Islands | LIONONEMETALS.COM | TSXV:LIO | OTCQX: LOMLF Investor Presentation, September 2025
Slide 2: Forward Looking Statements
Forward Looking Statements DISCLAIMER The information provided in this presentation is not intended to be a comprehensive review of all matters and developments concerning the Company and should be read in conjunction with all other disclosure documents of the Company. The information contained here
Slide 3: Highlights
Highlights a Top-Tier Asset >» High-grade narrow-vein Tuvatu alkaline gold deposit > >250 drill assays >100 g/t gold, average 0.5 m sample width > Zone 500 feeder zone drilled 75.9 m of 20.86 g/t gold > 50% of current production is outside the defined resource >» Huge exploration potential in the Na
Slide 4: Ideally Positioned in the Pacific Ring Of Fire
Ideally Positioned in the Pacific Ring Of Fire Prolific geological & tectonic setting Host to several major gold & copper-gold systems One of the only large fell <elltat=) not owned by a major GUNNERY tevaru:rurs next uiow rave Goto mine sae ae. “opavouna SR GOLD RIDGE - TUVATU @® Wa * VATUKOULAS 2"
Slide 5: Analog Alkaline Gold Systems
Analog Alkaline Gold Systems PORGERA, PNG LIHIR, PNG VATUKOULA, FIJI CRIPPLE CREEK, USA BARRICK NEWMONT ZHONGRUN SSR (ex-NEWMONT) ~~ * PRODUCED. / “..alkaline magmas...carry a lot of gold... usually, they turn out to be big.” Dr Quinton Hennigh Q TUVATU: FIJI'S NEXT HIGH GRADE GOLD MINE LION ONE MET
Slide 6: 100-year gold mining industry, stable democracy & regulatory system
1 +100-year gold mining industry 1 Stable democracy & regulatory system §1 Skilled mining workforce 1 Supportive government 1 2024 Fraser Policy Ranking #34, just behind British Columbia #32, and Chile #33 “With Lion One, | am very impressed ... Lion One sets the bar for those that follow” - Ratu Wi
Slide 7: Location & Infrastructure
Location & Infrastructure 2 20km LAUTOKA = NADI INTERNATIONAL gies it AIRPORT qi 35km qo MADE SSIS g é = /Nawilawa Caldera Mining Leese ix) <1 hour [*e) URBAN CENTERS OF NADI & LAUTOKA q TUVATU: FIJI'S NEXT HIGH GRADE GOLD MINE LION ONE METALS | TSXV:LIO | OTCQX: LOMLF §! LION ONE
Slide 8: Tuvatu Processing Plant
Tuvatu Processing Plant BALL MILLS |~ ey REAGENT ELECTROWINNING & CARBON | t . —_ a #1 REGENERATION WORKSHOP FILTER PRE YSTEM EF = % 300 TPD PILOT PLANT IN OPERATION Flotation circuit completion targeted for Q4 2025; Expansion to 600 TPD targeted for 2026; Fully permitted TUVATU: FIJI'S NEXT HIGH GR
Slide 9: Production Ramp-up
600.0 500.0 400.0 300.0 200.0 Mine Development (m) 100.0 0.0 2025 Increasing Monthly Mine Development Mine ventilation project complete end Q1 2025 January February March April June Capital Development Operating Development -" Trendline C$58.0M of revenue for the year ended June 30 TUVATU: FIJI'S NE
Slide 10: First shrinkage stope production
First shrinkage stope production
Slide 11: Example Drill Results
EXAMPLE DRILL RESULTS High-Grade Gold Results ore aes 359.76 1.80 70.80 Schematic East-West Section a 21.31 12.45 90.10 _ 71.41 8.41 96.10 Near Surface| 90.76 2.40 221.30 83.47 6.60 242.70 291.77 3.65 333.00 20.86 75.90 443.40 35.25 37.50 471.30 43.62 30.00 477.60 500m Level 90.35 7.20 494.40 55.43
Slide 12: Roscoelite Vein Underground
Gold Grades in g/t Roscoelite Vein Underground
Slide 13: Visible gold with roscoelite underground at Tuvatu
Visible gold with roscoelite underground at Tuvatu
Slide 14: Navilawa Caldera Regional Exploration
Regional Exploration § 7 km wide caldera with very limited modern exploration "1 Multiple deep feeder systems possible throughout the caldera § Numerous bonanza grade gold results from surface sampling § >3O high-potential untested drill targets already identified § No modern systematic exploration
Slide 15: +3917000 +3918000 +3919000 +3920000 +3921000 +3922000 +3923000 +3924000 +3925000 +3926000 +3927000
+3917000 +3918000 +3919000 +3920000 +3921000 +3922000 +3923000 +3924000 +3925000 +3926000 +3927000
Slide 16: Kingston Banana Creek Lumuni
Kingston Banana Creek Batiri Creek Lumuni Wailoaloa Tuvatu
Slide 17: Wailoaloa Discovery
Wailoaloa Discovery <n Alkalic copper-gold discovery © 1km northeast of Tuvatu "Strong surface copper anomaly = Drilled four test holes, the first hole hit 163.2 m of 017% copper si Potassic alteration and veining intensity increasing with depth Tuoohteo 127.8 mat 0.12% Cu >" 210.8 mat 0.13% Cu (o——
Slide 18: Exploration and Discovery Pipeline
Operating Mine |—# Explorationand j 4. Discovery Pipeline ey Definition 4 West Zone (Plant Site) Relative Target Size Advanced Target nooo Unknown. Early Target Conceptual A TUVATU: FIJI'S NEXT HIGH GRADE GOLD MINE LION ONE METALS | TSXV:LIO | OTCQX: LOMLF Va LION ONE
Slide 19: Fully Accredited Assay Lab
Fully Accredited Assay Lab © Provides critical support for 7 company- owned drill rigs Rapid assay turnaround © Fire assay, ICP, and Metallurgical Testing © Facilitates realtime optimization of mining and drilling activities © Production capacity of over 10,000 samples per month © ISO 17025 Accredit
Slide 20: One of the only large alkaline gold systems not owned by a major
One of the only large alkaline gold systems not already owned by a major mining company Compelling Value Proposition © High-grade gold resource a Mining-friendly jurisdiction BR Strong proven leadership ij} Highly experienced operations team 300 TPD pilot plant in operation 600 TPD plant expansion i
Slide 21: Leadership Team
Leadership Team OFFICERS TECHNICAL TEAM lan Berzins, CEO Ivan Maldonado, P. Geo Tony Young, CPA, CA, CFO Melvyn Levrel, MAIG Patrick Hickey, COO Sergio Cattalani, PGeo Hamish Greig, VP, Corp. Secretary Kevin Li, PEng Eric Setchell DIRECTORS SUCCESS STORIES Walter Berukoff, Chairman Northern Orion so
Slide 22: Corporate Snapshot
Corporate Snapshot CAPITALIZATION SHARE CAPITAL As of September 9, 2025 Common Shares 297.75 M Options 11.52 M Compensation Warrants 8.24M Warrants 12612 M Shares Fully Diluted 443.63 M Market Capitalization CAD $110.2 M LIO: SO.37 | S2wk: $0.44 | Avg. vol: 380K TUVATU: FIJI'S NEXT HIGH GRADE GOLD M
Slide 23: Thank You
RILION ONE LIONONEMETALS.COM TSXV: LIO OTCQX: LOMLF THANK YOU Q&A Lion One Metals Limited 306-267 Esplanade West North Vancouver BC V7M 1A5 Call 1.855.805.1250 Info@liononemetals.com www.liononemetals.com
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